Market Overview:
The global NFV market is expected to grow from USD 2.14 billion in 2018 to USD 10.06 billion by 2030, at a CAGR of 24.5% during the forecast period. The growth of the NFV market is attributed to the increasing demand for cloud-based services and rising need for network agility and flexibility. The global NFV market is segmented on the basis of type, application, and region. On the basis of type, the market is divided into solutions, orchestration and automation, professional services, and others (including training & education). The solutions segment accounted for the largest share of the global NFV market in 2017 owing to its ability to provide agility & flexibility to networks along with reducing OPEX costs associated with network infrastructure management.
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Product Definition:
NFV is the virtualization of network functions, such as routers, firewalls and switches. NFV allows these functions to be run on commodity hardware, instead of dedicated hardware appliances. This can lead to cost savings and improved flexibility.
Solutions:
Solution is a set of instructions, program or tools which helps to solve a particular problem. In networking and telecom industry there are many problems such as lack of capacity, network congestion, poor user experience due to high traffic and so on.
Orchestration and Automation:
Orchestration and automation are the two key technologies used in NFV. Orchestration is a technology that enables network function virtualization by controlling and managing the creation, deployment, life cycle, and retirement of software-defined functions or applications. On the other hand Automation enables users to deploy network function virtualization with minimal manual intervention thus reducing human errors.
Application Insights:
The virtual appliance segment dominated the market in 2017 and is expected to continue its dominance over the forecast period. The increasing demand for NFV-based solutions from various industries, such as telecommunication & IT, media & entertainment, oil and gas are contributing to the growth of this segment.
The core network segment is anticipated to register a significant CAGR over the forecast period owing to an increase in demand for high-speed networks across various applications and services. Moreover, growing cloud adoption across enterprises will further fuel growth of this segment during future years.
Key Companies/Stakeholders involved in offering solutions or conducting orchestration & automation activities include Ericsson AB; Huawei Technologies Co., Ltd.; IBM Corporation; Microsoft Corporation; Oracle Corporation; Ruckus Wireless LLC.; SGIlabs Inc.; Telecom Italia Sparkle SRL; TATA Communications Ltd.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to early adoption of technologies, presence of prominent players such as Cisco Systems, Inc., and Verizon Communications Inc., and high investments in R&D. The region is expected to maintain its dominance throughout the forecast period owing to increasing deployment of network infrastructure for supporting digital transformation.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing number of mobile data traffic and growing demand for higher bandwidth on wireless networks. In addition, rising penetration of 4G/LTE connectivity is further expected to drive industry growth over this period.
Growth Factors:
- Increasing demand for cloud-based services and applications: The NFV market is expected to grow at a high rate owing to the increasing demand for cloud-based services and applications. Cloud service providers are increasingly deploying NFV solutions to offer enhanced services and improve customer experience.
- Proliferation of 5G networks: 5G networks are expected to play a major role in the growth of the NFV market. They will enable new use cases such as autonomous driving, smart cities, and augmented reality/virtual reality (AR/VR). This will create a need for more efficient network management solutions that can handle increased traffic volumes and support new use cases.
- Emergence of software-defined networking (SDN): SDN is helping service providers reduce costs, optimize resources, and improve efficiency by separating control from data planes in networking infrastructure. This has led to an increase in the adoption of SDN among service providers, which is benefiting the NFV market growth significantly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Network Function Virtualization (NFV) Market Research Report
By Type
Solutions, Orchestration and Automation, Professional Services
By Application
Virtual Appliance, Core Network
By Companies
Cisco, Ericsson, Huawei, Vmware, Nokia, HPE, Dell EMC, Juniper Networks, NEC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Network Function Virtualization (NFV) Market Report Segments:
The global Network Function Virtualization (NFV) market is segmented on the basis of:
Types
Solutions, Orchestration and Automation, Professional Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Virtual Appliance, Core Network
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cisco
- Ericsson
- Huawei
- Vmware
- Nokia
- HPE
- Dell EMC
- Juniper Networks
- NEC
 Market Overview.svg)
Highlights of The Network Function Virtualization (NFV) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solutions
- Orchestration and Automation
- Professional Services
- By Application:
- Virtual Appliance
- Core Network
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Network Function Virtualization (NFV) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Network function virtualization (NFV) is a technology that enables the deployment of multiple, isolated network functions on a single physical server or infrastructure. NFV allows for the creation of more agile and responsive networks by allowing operators to scale up or down network capacity as needed.
Some of the major companies in the network function virtualization (nfv) market are Cisco, Ericsson, Huawei, Vmware, Nokia, HPE, Dell EMC, Juniper Networks, NEC.
The network function virtualization (nfv) market is expected to grow at a compound annual growth rate of 24.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Network Function Virtualization (NFV) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Network Function Virtualization (NFV) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Network Function Virtualization (NFV) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Network Function Virtualization (NFV) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Network Function Virtualization (NFV) Market Size & Forecast, 2018-2028
4.5.1 Network Function Virtualization (NFV) Market Size and Y-o-Y Growth
4.5.2 Network Function Virtualization (NFV) Market Absolute $ Opportunity
Chapter 5 Global Network Function Virtualization (NFV) Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Network Function Virtualization (NFV) Market Size Forecast by Type
5.2.1 Solutions
5.2.2 Orchestration and Automation
5.2.3 Professional Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Network Function Virtualization (NFV) Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Network Function Virtualization (NFV) Market Size Forecast by Applications
6.2.1 Virtual Appliance
6.2.2 Core Network
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Network Function Virtualization (NFV) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Network Function Virtualization (NFV) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Network Function Virtualization (NFV) Analysis and Forecast
9.1 Introduction
9.2 North America Network Function Virtualization (NFV) Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Network Function Virtualization (NFV) Market Size Forecast by Type
9.6.1 Solutions
9.6.2 Orchestration and Automation
9.6.3 Professional Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Network Function Virtualization (NFV) Market Size Forecast by Applications
9.10.1 Virtual Appliance
9.10.2 Core Network
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Network Function Virtualization (NFV) Analysis and Forecast
10.1 Introduction
10.2 Europe Network Function Virtualization (NFV) Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Network Function Virtualization (NFV) Market Size Forecast by Type
10.6.1 Solutions
10.6.2 Orchestration and Automation
10.6.3 Professional Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Network Function Virtualization (NFV) Market Size Forecast by Applications
10.10.1 Virtual Appliance
10.10.2 Core Network
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Network Function Virtualization (NFV) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Network Function Virtualization (NFV) Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Network Function Virtualization (NFV) Market Size Forecast by Type
11.6.1 Solutions
11.6.2 Orchestration and Automation
11.6.3 Professional Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Network Function Virtualization (NFV) Market Size Forecast by Applications
11.10.1 Virtual Appliance
11.10.2 Core Network
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Network Function Virtualization (NFV) Analysis and Forecast
12.1 Introduction
12.2 Latin America Network Function Virtualization (NFV) Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Network Function Virtualization (NFV) Market Size Forecast by Type
12.6.1 Solutions
12.6.2 Orchestration and Automation
12.6.3 Professional Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Network Function Virtualization (NFV) Market Size Forecast by Applications
12.10.1 Virtual Appliance
12.10.2 Core Network
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Network Function Virtualization (NFV) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Network Function Virtualization (NFV) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Network Function Virtualization (NFV) Market Size Forecast by Type
13.6.1 Solutions
13.6.2 Orchestration and Automation
13.6.3 Professional Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Network Function Virtualization (NFV) Market Size Forecast by Applications
13.10.1 Virtual Appliance
13.10.2 Core Network
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Network Function Virtualization (NFV) Market: Competitive Dashboard
14.2 Global Network Function Virtualization (NFV) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cisco
14.3.2 Ericsson
14.3.3 Huawei
14.3.4 Vmware
14.3.5 Nokia
14.3.6 HPE
14.3.7 Dell EMC
14.3.8 Juniper Networks
14.3.9 NEC
